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Re: Holy Moly !! 

By: micro in POPE IV | Recommend this post (1)
Sun, 04 Feb 18 7:47 PM | 73 view(s)
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Msg. 43512 of 47202
(This msg. is a reply to 43478 by Zimbler0)

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ZIM

I am no market guru by any stretch of the imagination.

However,
the Market is in dire need of a correction. It is OVERBOUGHT and over priced.

Fundamentals actually do matter. You've been around investing long enough to appreciate that fact.

Look at PE ratios for example. Look at Profits or lack thereof.

At what point will the pixie dust of these exploding stocks with absolutely no profits but plenty of red ink .
THAT cannot continue. It is fake and artificial.

In my humble opinion, this market overall needs to adjust in a major league way. This was created under OBAMMY administration and is artificial and nothing there to actually sustain or support it.

I only buy companies that are profitable, showing real earnings, and growth.

That is why I like Huntington Bank, a smaller regional Bank that is very profitable and well managed. Just an example.

Anyway, I can see this whole overbought and overpriced market adjusting itself. It needs to.

JMO FWIW,

micro....Very Happy


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The above is a reply to the following message:
Holy Moly !!
By: Zimbler0
in POPE IV
Sun, 04 Feb 18 8:14 AM
Msg. 43478 of 47202

I just looked at what stock prices did in the last
week. Everything I own some of - including the
bond funds - took a dump except for :

Dominion Resources ( D ) . Up from $75.5 to $75.68

and AT & T ( T ) . Up from $37.82 to $38.07.

Time to buy yet?

Zim.


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